date:Jul 23, 2013
BG Foods has reported a net loss of $1.4m for the second quarter of 2013, compared with a profit of $16.03m for the same period a year ago.
The decline in earnings can be attributed to charges related to debt refinancing and acquisition-related transaction costs, the company said.
For the quarter ended 30 June 2013, net sales increased 8.3% to $160.9m, compared with $148.6m for the same period in 2012.
Gross profit increased 7.6% to $55.7m compared with $51.8m in the second quarter of 2012.